261–270 of 1001 posts
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> He is freezing rents only for select controlled units 45% of apartments in NYC
Rent-controlled units account for less than 1%. Rent-stabilized units for less than 25%.
You guys have it all wrong. There was only one candidate for the dem party, Here's the list: 1) Cuomo. Sexpest who has been accused by many women of some pretty shitty stuff. Also a member of a multi-generational dynasty, which is not good. 2) Mayor Adams. Federally indicted by the Feds. They have a 99% conviction rate. Not because they're corrupt, but because they only go after people who have dome some really egreg…
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Please explain how city run grocery stores are middle of the road politics. Perhaps they’re middle of the road when your road is all the way to the left.
Cities run all sorts of things. What's the big difference between garbage trucks and sewers and a grocery store?
I'm almost 50 and the last president we ever saw that was even remotely towards the left was in office when I was born.
I hope this turns out well for New York, but I am doubtful. Rent control is such a colossally bad idea, a rent freeze is going to be a disaster. This is going to further increase the lottery nature of New York City real estate, and reduce investment. His plans are set to drive finance and businesses out of the city in his goal to give away money to everyone, which will bankrupt the city. Socialism has a bad track rec…
The fact that people in here (who are richer than average) disagree with his policies makes his election more hopeful
Mamdani's and by extension, his voters', ignorance about the effects of price controls in markets will be an interesting real-time political experiment. When the inevitable unintended outcomes become to emerge who will be blamed? https://rentguidelinesboard.cityofnewyork.us/resources/apart... https://www.zohranfornyc.com/platform Quoting Paul Krugman (Nobel prize winner and liberal columnist at the NYT). "The analysi…
Also quoting Paul Krugman - "“The growth of the Internet will slow drastically, as the flaw in ‘Metcalfe’s law’—which states that the number of potential connections in a network is proportional to the square of the number of participants—becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machi…
But economists don't disagree about the effects of price controls. These are easy to observe and model. These concepts are also taught to Economics undergraduates all over the world - often in their first Microeconomics class. They are not controversial.
Here is a Khan Academy video: https://www.khanacademy.org/economics-finance-domain/microec...
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It's not clear to me why a multigenerational dynasty specifically is a bad thing? Presumably the kids can learn from the parents, get connected, etc. Also, Mamdani's policies are incredibly controversial, that's why it's such big news. Lots of people predicting that Mamdani's criminal policies, economic policies, and lack of experienced staffers will lead the city to dark days.
> not clear to me why a multigenerational dynasty specifically is a bad thing? Aristocracies are more stable but less efficient. That creates an incentive for corruption when growth inevitably stalls. Which leads to catastrophic instability.
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> Mamdani's and by extension, his voters', ignorance about the effects of price controls Mamdani isn’t pitching widespread price controls, but rent control over a small section of New York housing twinned with abundance-style new development. “In a 2022 paper, the political scientists Anselm Hager, Hanno Hilbig, and Robert Vief used the introduction of a 2019 rent-control law in Berlin to study how access to rent-con…
Mamdani will learn that you need to be friends with the people your voters hate to get things done. Developers are the single most important players in lowering housing costs, but they are part of the "landlord" contingent in voters minds. If he doesn't learn that, the city is going to be in bad shape. Impossible to get an apartment unless you want to get an illegal sublet at regular old $4500/mo prices.
In other cities, a significant market-based response to high rents and housing demand is to increase supply with another ring of suburbs. Is there anywhere within reasonable commute radius left to develop around NYC at scale?
Uncapping rents might trigger some refurbishment of idle or marginal space by dangling enough money in front of landlords, but you're not going to pull another 500,000 units out of your rear that way.
We can acknowledge that NYC housing is a finite and desirable resource, but we can also say that we don't want to turn it completely into an auction for the highest bidder. Rent control helps encourage diverse and vibrant communities, part of what makes the city compelling in the first place.
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> he called for universal health care but once he was elected he started saying it was "too radical" ACA was the most radical package that could have passed, and it still cost Democrats the Congress. This line of argument reminds of the folks who complained about Sinema and Manchin. You know what we’d have with a few more Sinemas and Manchins in the party right now? A majority. The bill that passes is better than the…
Manchin and Sinema shouldn't be mentioned together in the same sentence. Manchin was genuinely the best Democrats could hope for from West Virginia. Sinema was absolutely not the best Democrats could hope for from Arizona. Manchin was also, while not perfect, more honest in much of his opposition than Sinema was, and sometimes he was actually right.
Sure. My point is both are preferable to a MAGA enabler. If you lose perspective and start aiming for perfection at the expense of the good enough, you lose power.
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Run from the Left, govern from the Right. A pretty classic political electoral strategy of centrist liberals.
Why would someone do that? Especially for presidency which is the final stage of their career? They're not beholden to or reliant on anyone no more so shouldn't have to be swayed by any adverse interests.